EURUSD: Daily Short Swing - Spiraling Down

I believe the sellers will step in around the 1.225 and 1.1295 levels. This pair is already at or near the backside of an old trendline. If the US dollar extend's its fall, then this will be a good opportunity to take a short position in an already downward spiraling channel.

Note

Looking at the dollar, it throws a reach in this EURUSD short idea.

Looking at the Monthly Dollar, also throws a wrench in a short position of EURUSD.:

I must look at EUR TWI indices to see some clarity.

Note

Short filled

Rocketman

Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.

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Rocketman

Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.

Also on: